Book Image

Managing Data Integrity for Finance

By : Jane Sarah Lat
Book Image

Managing Data Integrity for Finance

By: Jane Sarah Lat

Overview of this book

Data integrity management plays a critical role in the success and effectiveness of organizations trying to use financial and operational data to make business decisions. Unfortunately, there is a big gap between the analysis and management of finance data along with the proper implementation of complex data systems across various organizations. The first part of this book covers the important concepts for data quality and data integrity relevant to finance, data, and tech professionals. The second part then focuses on having you use several data tools and platforms to manage and resolve data integrity issues on financial data. The last part of this the book covers intermediate and advanced solutions, including managed cloud-based ledger databases, database locks, and artificial intelligence, to manage the integrity of financial data in systems and databases. After finishing this hands-on book, you will be able to solve various data integrity issues experienced by organizations globally.
Table of Contents (16 chapters)
1
Part 1: Foundational Concepts for Data Quality and Data Integrity for Finance
5
Part 2: Pragmatic Solutions to Manage Financial Data Quality and Data Integrity
10
Part 3: Modern Strategies to Manage the Data Integrity of Finance Systems

Using Managed Ledger Databases for Finance Data Integrity

In the previous chapter, we discussed how we can use the database-locking capabilities of relational database management systems (RDBMSs) to prevent data integrity issues in financial transactions. In this chapter, we will be shifting our focus a bit and discussing another type of database called ledger databases. Specifically, we’ll use Amazon Quantum Ledger Database (QLDB), which is a purpose-built fully managed ledger database built by the cloud service provider Amazon Web Services (AWS). We will explore the core concepts of this database and learn how its unique set of features and capabilities can help maintain and manage the integrity of financial records and transactions. Of course, we’ll dive deep into various hands-on solutions and examples to help us better understand how we can utilize the features of this database service for financial data integrity management.

The flow of our discussion will be...